Answer:
d. the camry becomes an inferior good because the good is now perceived as lower in quality than a lexus
Explanation:
There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or from being an inferior good to a normal good. One such example of a good is the Toyota Camry. In the 1980s, more income for a household usually resulted in more Camrys being purchased. However, today more Toyota Camrys are purchased by households that have experienced a reduction in income.
How could this happen?
<u>This could only have happened because of a change in perception in households over time. </u>
It is stated in the Scenario that ''today more Toyota Camrys are purchased by households that have experienced a reduction in income.''
<u>That means Toyota Camry has become an inferior good that is purchased more when income falls.</u>
<u>Hence, the only reason the scenario would have occurred is that the camry becomes an inferior good because the good is now perceived as lower in quality</u> than a lexus
The purpose of a good web page design is to make it successful and admirable
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Dina deposits $3,000 in a bank account that pays an annual nominal interest rate of 10%. The comic book is priced at $15.00.
We don't have the number of years on the investment. But we can figure out an answer.
With $3000 she can buy:
Number of comics= 3000/15= 200 comics.
Using the following formula we can calculate the amount of money that she will have at the end of several years.
FV= PV*(1+i)^n
For example:
1 year
FV= 3000*1.10^1= $3300
Comics= 3300/15= 220 comics
5 years:
FV= 3000*1.10^5= $5,315
Comics= 5315/15= 354 comics
Answer: because it forces firms to achieve maximum efficiency (productive and allocative efficiency). Requires that goods be produced in the least costly way. Firms are forced to produce at the minimum average total cost in the long run.
Explanation:
The field research is type of research that collects <span>data outside of an experimental setting (in natural settings) and </span>tends to ensure the observations are more valid. <span>
There are 2 different methods for obtaining data in field research, asking questions and </span>making direct observation. The direct observation are made in natural settings or environment.
